[pps-news] FW: Revised California State Income Tax Tables

[Gabe Nwandu]

PPS USERS

 

The information below will be distributed sometime today via Scotmail to
employees.  We have also included a broadcast message on the earning
statements and check stubs as follows:

 

"State Income Tax Incr. (.0025) - see accounting.ucr.edu/statetax.html"

 

This information is also available on our web site:
http://www.accounting.ucr.edu/statetax.html. 

 

Thank you

Payroll Office

-------------------

 

From: Gabe Nwandu 
Sent: Thursday, July 30, 2009 5:38 PM
To: Staff at scotmail.ucr.edu; Faculty at scotmail.ucr.edu;
ans at scotmail.ucr.edu; 'students at scotmail.ucr.edu'
Subject: Revised California State Income Tax Tables 

 

July 31, 2009 

UNIVERSITY OF CALIFORNIA, RIVERSIDE EMPLOYEES 

REVISED CALIFORNIA STATE INCOME TAX TABLES 

As a result of the current State budget, the California Employment
Development Department (EDD) recently issued revised personal income tax
tables which increase personal income tax withholding applicable to
earnings paid on or after January 1, 2009.  The new rates represent a
one quarter of one percent (.0025) increase in the old tax rates.  For
example, if the old rate was 1.0%, the new rate is 1.25%.

In order to accommodate the rate changes, the Payroll Personnel System
(PPS) was modified to accommodate an additional data space that the new
tax rates require.  Therefore, the new tax rates are effective with
paychecks issued on:

July 31, 2009 - Monthly Current (MO)
August 7, 2009 - Monthly Arrears (MA)

However, the revised rates apply to all earnings in 2009, beginning
January 1, 2009, and it is possible that you may owe taxes at the end of
the year.  To determine if you will need to increase the amount of state
tax withheld in order to avoid owing taxes at the end of the year,
please review the California State Form DE-4 "Employee Withholding
Allowance Certificate" available at
http://www.ucop.edu/ucophome/cao/paycoord/ucw4-de4.pdf.  This form
includes instructions about estimating state income tax liability on an
annual basis using the new tax rates.

If you determine that you will not have enough state income tax
withheld, you can increase the amount of your state income tax
withholding by:

*         reducing the number of exemptions you claim for state purposes
or 

*         by having extra money deducted for state income taxes from
your paycheck 

You can change your state tax withholding online by signing in to your
personal account on At Your Service at
https://atyourserviceonline.ucop.edu/ayso/. 

For additional information about California personal Income Tax, go to
the Franchise Tax Board website at www.ftb.ca.gov
<http://www.ftb.ca.gov/> .

For more information about the new tax rates or for copies of the
withholding schedules, go to the EDD website at www.edd.ca.gov
<http://www.edd.ca.gov/> .

If you have any question about this issue, please contact: 

Payroll Supervisor - roberta.nardico at ucr.edu or

Payroll Director - gabe.nwandu at ucr.edu 

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